Dublin, Feb. 17, 2026 (GLOBE NEWSWIRE) — The “Locks Market Research Report 2025-2030” has been added to ResearchAndMarkets.com’s offering.
The global Locks Market, evaluated at USD 18.39 billion in 2024, is forecasted to grow to USD 25.15 billion by 2030, with a CAGR of 5.36%. This growth is propelled by several dynamic factors and trends influencing the sector.
The market is competitive, with large multinationals and numerous regional players. Leading companies like Allegion plc, ASSA ABLOY, and dormakaba Holding AG focus on technology integration and smart lock innovations. Recent acquisitions highlight strategies to enhance global market presence.
Smart & Connected Locks are gaining momentum globally, driven by increased demand for remote access, keyless entry, and security integration into smart home ecosystems. Densely populated urban areas are embracing retrofitting over new constructions, notably in North America. Meanwhile, APAC and Latin America are experiencing robust growth due to substantial infrastructure investments. As security concerns mount, businesses and homeowners are transitioning to smart locks for real-time monitoring and alerts.
Convergence with Building Systems is another pivotal trend, spurred by the integration needs of access control systems with building automation. Property managers are increasingly seeking solutions that offer interoperability among door locks, CCTV, visitor management systems, and building dashboards. Smart locks that support IoT protocols and APIs are becoming essential for modern buildings seeking integrated systems.
Locks Market Drivers
- Safety & Convenience remain critical drivers as rising crime rates and the need for convenience encourage the adoption of smart locks. These locks offer remote access, scheduling capabilities, and integration with building automation, making them appealing to both consumers and commercial entities.
- R&D Growth fuels the locks market by propelling advancements in smart infrastructure, embedded electronics, and IoT integration. R&D efforts focus on material innovation, cost reduction, and product differentiation, facilitating market expansion through advanced engineering and new product categories.
Industry Restraints
- Challenges such as Volatility in Raw Materials remain, influenced by fluctuating metal prices and supply chain disruptions. Similarly, Increased Competition arises from digitalization, IoT security innovations, and low-cost production from Asian manufacturers, pressuring margins for established brands.
Locks Market Segmentation Insights
- In terms of product segmentation, mechanical locks hold the majority market share due to their cost-effectiveness and reliability, while electromechanical locks see rising demand driven by technological innovations.
- The installation segment highlights new installations with the fastest-growing CAGR, attributed to expanded commercial spaces, aesthetic design demand, and advancing urbanization.
- The residential segment leads the end-user category, driven by enhanced security awareness, smart home system integration, and a steady rise in new housing constructions. Smart lock adoption continues to grow here with increased visibility.
Locks Market Geographical Analysis
- APAC dominates with a market share of around 34%, driven by rapid infrastructure development, urbanization, and smart home technology adoption. In North America, demand is driven by premium electronic locks and integration with connected home platforms.
Locks Market Vendor Landscape
Recent Developments
- In January 2025, ASSA ABLOY acquired InVue, enhancing its asset protection capabilities.
- In June 2025, Allegion plc acquired Nova Hardware Pty Ltd, expanding its product offerings.
- In April 2025, dormakaba Holding AG formed a joint venture with Guangdong Kinlong Precision Products Co., Ltd.
Key Company Profile
- Allegion plc
- ASSA ABLOY
- Fortune Brands Innovations
- dormakaba Holding AG
- HONEYWELL
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 144 |
| Forecast Period | 2024 – 2030 |
| Estimated Market Value (USD) in 2024 | $18.39 Billion |
| Forecasted Market Value (USD) by 2030 | $25.15 Billion |
| Compound Annual Growth Rate | 5.3% |
| Regions Covered | Global |
Market Dynamics
Introduction
- The market dynamics chapter provides an in-depth analysis of the factors influencing the market landscape.
- It sets the stage for understanding the broader industry changes.
Market Opportunities and Trends
- Identifying untapped markets and emerging trends that could steer the market’s future direction.
- Growing demand for sustainable and eco-friendly products is creating new opportunities.
- Technological advancements are continually reshaping market capabilities.
Growth Enablers
- Major growth enablers include technological innovations and favorable government policies.
- Increase in consumer spending and disposable income fuels market growth.
Market Restraints
- Regulatory challenges and compliance costs may hinder market expansion.
- Intense competition and market saturation in developed regions are major restraints.
For more information about this report visit https://www.researchandmarkets.com/r/thecmi
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